|White paper on Renewable Energy|
|Energy crisis has been haunting the world for several decades now. Depleting levels of petroleum, coal and water have been posing questions on energy security. The concerns of pollution have added to woes of humanity. In the backdrop of this dismal scenario, renewable energy provides hope to future generations.|
|Though the advantages of renewable energy have been acknowledged, attempts to harness its sources are inadequate. Agencies associated with renewable energy sector have chalked out programmes for highlighting the issues in energy management.|
|As part of this initiative, a white paper on renewable energy has been brought out by the International Solar Energy Society. The white paper deals with a variety of issues pertaining to conventional and non-conventional energy systems.|
|Developing countries have to invest in energy generating projects, but they need not follow the path of the developed nations. The paper underlines the need for a combination of energy conservation, energy efficiency and renewable energy. |
|The link between energy and poverty has been brought into sharp focus. Energy volatility and protection of natural life supporting systems are key factors in development. Creation of a supportive system by means of policies and legislation, awareness on renewable energy are all vital ingredients in energy management.|
|Describing the status of energy resources, the paper points out that about two-thirds of the global hydropower potential is located within the developing world, but there are serious constraints in its utilisation. Though bio-energy is increasingly being harnessed, the systems in use are inefficient. Wind energy has become competitive and has registered cost reductions. "Injustice is being meted out to future generations by way of polluting the atmosphere in the name of generating energy". The damage being done to the environment because of burning of fossil fuel is irreparable.|
|Natural resources, such as wind, are ideal for generating power. When it is abundantly available, the governments should give priority for it.|
|Adding up to 7% of the installed capacity of power generation in India, renewable sources of energy account for more than 7,500 MW. However, its anticipated that the renewable sources will add up to 1,00,000 MW by the year 2050.|
|In 2005, electricity generation in India grew at a CAGR of 6.2%. However the demand far exceeded the supply by 12.1%. At present India enjoys an institutional capacity of 135,000 MW, which primarily includes hydro, thermal, nuclear & renewable energy sources. The country is anticipated to add up to 620,000 MW to this within the next 20 years.|
|In its recently published market research report named, Indian Power Sector (2006) RNCOS has included the following facts: |
- With a contribution of about 55%, state sector was a prominent player to the overall energy generation in 2005.
- Central and private sectors remained second and third with 31.1% & 12.4%, respectively.
- Besides coal, thermal energy is another important source for generating power.
|As per experts at RNCOS, Renewable sources of energy are not only a feasible source of power generation for a growing economy such as India. It also helps in reducing harmful gases emission compared to other means of generation of power.|
|Salient Features of the Report: |
- Discussion on the current industry trends
- Challenges and opportunities before the power sector in India.
- Importance of foreign investment and private participation in this sector.
- Impacts of various government policies on the industry.
- Profile of key players and their strategies.